Toronto Gold Bullion Review (Scam Revealed?!) (Updated 2023)

September 8, 2023

Toronto Gold Bullion Review

Welcome to my Toronto Gold Bullion Review.

(UPDATED 2023)

Before buying precious metals from any company, you should make your research first to avoid being scammed.

We are talking about investments after all, right? It really pays to be extra careful when choosing the companies to make business with.

In this Toronto Gold Bullion review, you will learn everything you need to know about it. Is it legit? Or is it a scam? Let's find out. 

Toronto Gold Bullion Review Quick Summary

Name: Toronto Gold Bullion

Owners: Ehsan and Myra Zengekan

Price: Varies depending on your investments

Rating: 2/5

Toronto Gold Bullion Review logo


What is Toronto Gold Bullion?

Toronto Gold Bullion is a precious metals company that was founded in 2011.

Its website does not reveal the names of the founders, however, BBB listed Ehsan and Myra Zengekan as owners of the company.

Toronto Gold Bullion claims to offer services with utmost customer satisfaction. According to the company, it started with a limited number of supply.

But due to its good and friendly services, clients opted to do business with them.

Currently, there are over 1000 products available.

Toronto Gold Bullion Products and Services

Toronto Gold Bullion offers a wide variety of precious metals that are categorized into the following: gold, silver and platinum.

Bullion bars and coins are both available. The company's e-commerce website has a complete product catalog that shows information on each product, including their prices.

Apart from buying precious metals from Toronto Gold Bullion, you can also sell your precious metals to them.

However, your products need to be 99.9% pure or else, the company will not buy them.

How to purchase from Toronto Gold Bullion?

You can purchase products from Toronto Gold Bullion through its e-commerce website.

First, you need to create your own account. Then you can access the product catalog and see which products are in stock. If they are, it means that they are available for you to purchase.

You can add these products to your cart and then proceed to check out. Payment options accepted are the following:

  • Cash
  • Debit
  • UnionPay
  • Interac Online Debit
  • Wire Transfer
  • Email Money Transfer
  • Money Orders
  • Checks (regular, certified)
  • Bank Drafts
  • Direct Deposit

Take note that UnionPay is only available for in-house purchases. Moreover, each payment method has its own clearing periods for both existing clients and new clients. You can find them in the table below.

Toronto Gold Bullion Review Clearing Periods

Toronto Gold Bullion Shipping

Toronto Gold Bullion really takes their services  to the next level. Most of the time, clients have issues with shipping taking so long. That is why Toronto Gold Bullion developed FastShip.

It is a shipping policy that only applies to products that are in stock and for deliveries in Canada. This policy ensures that products are shipped immediately 2 days after payment is cleared.

Moreover, all shipments are fully insured through Toronto Gold Bullion's comprehensive insurance plan.

Orders over $500 that are delivered in Canada enjoy free shipping.

Toronto Gold Bullion Reviews and Ratings

Here in Your Gold IRA Guide, I always take into consideration the online ratings and reviews of a gold company. They provide very good insights into whether these companies are legit or not.

Below are the Toronto Gold Bullion reviews and ratings that I found online. (UPDATED September 2023)

  • BBB - 2.33 out of 5 rating based on 3 reviews and 7 complaints, A+ rating and not BBB accredited
  • Yelp - 1.8 out of 5 rating based on 12 reviews
  • Facebook - No reviews given
  • Trustpilot - 4.2 out of 5 rating based on 164 reviews

Unfortunately, if we sum up what people shared in these ratings and reviews, they said that Toronto Gold Bullion is not reliable.

A lot of customers failed to receive their orders, which is ironic, considering that it has the FastShip policy.

There are a lot of precious metal companies out there with thousands of positive ratings and reviews, like Goldco. They are worth checking out!

Toronto Gold Bullion Review: Pros and Cons


  • Wide variety of products
  • Several payment methods
  • Can order online
  • Free appraisal and coin grading services


  • Very poor ratings and reviews
  • Received a lot of complaints
  • Bad customer service
  • Not BBB accredited

Is Toronto Gold Bullion a Scam?

To conclude this Toronto Gold Bullion review, let me give my final verdict and answer to this question.

Toronto Gold Bullion is not a scam. It is a legitimate precious metals company that does offer products.

However, this does not mean that it is the best for you. Toronto Gold Bullion received a lot of complaints online. These are red flags and I do not recommend you this company.

If you wish to know my top recommendation, check it out below.

Thank you so much for reading my Toronto Gold Bullion Review. If you have any comments or questions, feel free to leave them in the comments section.

Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.

By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2023!


Leave a Reply

Your email address will not be published.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

 Questions? Call 855-444-7022